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BlackRock XRP ETF Speculation Rises Amidst Strong Canary XRPC Launch
The recent debut of the Canary XRPC ETF has intensified speculation about a potential BlackRock XRP ETF. This launch showcased significant institutional and retail demand, with over $58 million in first-day trading volume and $245 million in net inflows.
Key Developments
- Canary XRPC ETF's successful launch is fueling rumors of a BlackRock XRP ETF.
- XRP community believes BlackRock might be testing an XRP trust.
- Ripple's CEO emphasized collaboration with traditional financial firms to boost digital asset adoption.
- Investors argue that major firms like BlackRock may soon enter the XRP space.
XRP's Growth Insights
- Crypto trader Adam_Xrp noted that the launch of XRP ETFs will gradually attract institutional money as confidence grows.
- Several XRP ETFs are scheduled for future trading, increasing exposure and demand.
- BlackRock stated no immediate plans for an XRP ETF, but it remains a possibility.
- The growth phase involves building liquidity and institutional frameworks rather than overnight gains.
